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we'll see the effects of sandy in november, however. overall didn't change the good recovery we're seeing in october. take a look. existing home sales rose 2.1% month to month. that's slightly above expectations. that's because september's numbers were revised down slightly. the bigger story is supply. inventories are down a whopping 22% from a year ago to 2.41 million units. that's lower than any point since late 2005. that is the height of the housing boom. that is due to fewer distressed properties for sale and all that competition is pushing home prices higher. realtors report an 11% jump year over year in the median price. while some is the shift in what's selling to higher priced homes, because that's of course how medians work, fun fact is home sales higher than $500,000 are up 40%. they still make up less than 10% of the market. with all cash investors ruling this market coupled with tight supply, home builders are seeing much more business now. that pushed builder sentiment up to the highest level we've seen in six years. for m
we'll see the effects of sandy in november, however. overall didn't change the good recovery we're seeing in october. take a look. existing home sales rose 2.1% month to month. that's slightly above expectations. that's because september's numbers were revised down slightly. the bigger story is supply. inventories are down a whopping 22% from a year ago to 2.41 million units. that's lower than any point since late 2005. that is the height of the housing boom. that is due to fewer distressed...
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Nov 19, 2012
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we'll show it to you coming up. >>> and sandy scams. just wait till you hear how some tow truck drivers are doing to victims of the superstorm. welcome back to "early start" i'm christine romans bright and early. >> that's right. good morning, everybody, i'm alina cho. it's 5:30 in the east. we begin with this. the bombs keep flying and the blood of civilians keeps spilling in the middle east. the conflict in gaza city escalating overnight. an israeli missile taking out a two-story home. 11 people were killed, including four children. the attacks continuing this morning. representatives of israel and hamas in egypt separately for cease-fire negotiations. hamas offering its demand for a truce insisting israel end its military blockade of gaza if it wants the bombing to stop. arwa damon joining us from gaza city this morning. meanwhile, arwa, israel saying that gaza needs to let up its violence first so neither side appears to be giving in. what is the latest from the region? >> well optimism is certainly being maintained by both. neither
we'll show it to you coming up. >>> and sandy scams. just wait till you hear how some tow truck drivers are doing to victims of the superstorm. welcome back to "early start" i'm christine romans bright and early. >> that's right. good morning, everybody, i'm alina cho. it's 5:30 in the east. we begin with this. the bombs keep flying and the blood of civilians keeps spilling in the middle east. the conflict in gaza city escalating overnight. an israeli missile taking out...
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Nov 19, 2012
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hurricane sandy took that all away. we had -- you know, i was one of those people, i actually had good relationships in our urban areas. i had endorsements from democrats. but there was just quite a pull out of the vote for the president in urban areas especially. >> house republicans engineered over the two years a long series of votes on very conservative issues that had virtually no chance of becoming law. you voted repeatedly to defund planned parenthood, block the epa from -- >> actually -- >> you voted for the ryan budget that converted medicare into a voucher. a premium support system. all of which were used against you. the question is did it make sense to force the house to vote -- members to vote on all of those very conservative initiatives that had no chance of becoming law and were ultimately used against you? and should they do that again over the next two years? >> you know, results -- elections have consequences. it's been said many times. it's true. we look at the 2012 -- we look at what we pledged in 2
hurricane sandy took that all away. we had -- you know, i was one of those people, i actually had good relationships in our urban areas. i had endorsements from democrats. but there was just quite a pull out of the vote for the president in urban areas especially. >> house republicans engineered over the two years a long series of votes on very conservative issues that had virtually no chance of becoming law. you voted repeatedly to defund planned parenthood, block the epa from --...
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Nov 19, 2012
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displayed by hurricane sandy. now gather ago new home fort holidays. 60 orphans dogs and cats flown across the country from newark, new jersey, to santa fe, california. sea world and southwest airlines organized the whole trip. you got to love southwest. they were able to get on without assigned seats. they will stay at the helen woodward animal center until they are adopted. a wonderful gesture by a fine airline. >> steve: absolutely. all right. meanwhile, speaking of sandy, let's talk about this. you've seen the pictures. there are still a lot of people without electricity and a lot of people will not be in their homes for the holidays because their homes are destroyed. extraordinarily, that's some of the devastation in breezy point. the department of buildings for new york city has a number of those destroyed homes and on whatever is standing, that's an unsafe sticker. on some of the other homes, they're putting tickets and they write things like, failure to maintain. and there would be a criminal prosecution i
displayed by hurricane sandy. now gather ago new home fort holidays. 60 orphans dogs and cats flown across the country from newark, new jersey, to santa fe, california. sea world and southwest airlines organized the whole trip. you got to love southwest. they were able to get on without assigned seats. they will stay at the helen woodward animal center until they are adopted. a wonderful gesture by a fine airline. >> steve: absolutely. all right. meanwhile, speaking of sandy, let's talk...
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Nov 19, 2012
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. >>> victims of hurricane sandy. >>> westbound 80 traffic the mccarthur maze that traffic looks good. i'll tell you more about the morning commute. >>> good morning, mostly cloudy. highs in the 60s. we'll talk about the next rain in five minutes. >>> welcome back. good morning, to you. here's a quick look at some of the top stories we are following for you right thousand. we will show you live pictures we just got this in about ten minutes ago. this is from the gaza strip. you can see a building on fire. black smoke billowing. now gaza and the militants in bah virginia and israelis have been traded attacks. it's now been six days they have been firing back and forth. we just got these pictures in. we can tell you that u.n. secretary general is due to arrive in egypt hoping to develop peace talks. we'll keep you posted on what is happening as we look at the live pictures and get to you with more details. >>> back here at home a man hunt is happening right now in san jose. one of the men you see here is arrested. plus san francisco supervisors are due to vote tomorrow on whether to ban
. >>> victims of hurricane sandy. >>> westbound 80 traffic the mccarthur maze that traffic looks good. i'll tell you more about the morning commute. >>> good morning, mostly cloudy. highs in the 60s. we'll talk about the next rain in five minutes. >>> welcome back. good morning, to you. here's a quick look at some of the top stories we are following for you right thousand. we will show you live pictures we just got this in about ten minutes ago. this is from...
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Nov 19, 2012
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. >>> the homes of many hurricane sandy victims will soon be demolished. the building department has been red tagging homes. people are saving what they can before their homes are bulldozed. many are now living with family and friends though and the department is struggling to find them and tell them before it's done. >>> during his new jersey visit vice president joe biden said he will make sure the jersey shore is fully restored. he told sandy victims in his words you've got a home boy if the deal who gets it. >> the president who is up here with the governor we're not going anywhere. we're not going anywhere. and you got a home boy. in the deal who gets. >> the vice president is from scranton, pennsylvania and summer add the jersey shore when he was a child. >>> the man accused in the oh cushion university shooting. >>> these folks are all about camping. >>> and are the traffic patterns changing this week? we'll tell you why there is some evidence there are. >>> good morning. partly sunny partly cloudy skies. rain will hold off until tomorrow night. hig
. >>> the homes of many hurricane sandy victims will soon be demolished. the building department has been red tagging homes. people are saving what they can before their homes are bulldozed. many are now living with family and friends though and the department is struggling to find them and tell them before it's done. >>> during his new jersey visit vice president joe biden said he will make sure the jersey shore is fully restored. he told sandy victims in his words you've got...
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Nov 19, 2012
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and i also want to acknowledge the steering committee, christie and jeff, sandy and gary, jckie nackie and bob, joyce and arnie, janet and mark jacobs, jennifer and chuck, bruce and debbie and doug rightguard. erin and matt, jane and bob, marcia and dan. i want to thank all of them up for their good works and thanks to all of you for making this the most successful fund-raiser the brandsstad committee has had in history. thank you very much. i want to thank the wilder side band for their entertainment and for our baker, linzie of live, love, bake for delicious birthday treats tonight. this is a wonderful cake they put together. thank you very much. one of the big reasons for having such a great success is our and operational speaker, marco rubio. what a wonderful message he has and what a great example of the american dream. and he is an inspiration to me and so many others to continue to focus on a limited government and empowering the private sector to grow opportunities for all of our people. tonight's event, with this event, we have turned the page and we look towards the future. i
and i also want to acknowledge the steering committee, christie and jeff, sandy and gary, jckie nackie and bob, joyce and arnie, janet and mark jacobs, jennifer and chuck, bruce and debbie and doug rightguard. erin and matt, jane and bob, marcia and dan. i want to thank all of them up for their good works and thanks to all of you for making this the most successful fund-raiser the brandsstad committee has had in history. thank you very much. i want to thank the wilder side band for their...
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Nov 19, 2012
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the homes of many hurricane sandy victims will soon be demolished. the building's department has been red tagging homes that have so much damage they must be torn down. people are saving what they can before the homes are bulldozed. since many victims are now living with family and friends authorities are struggling to find them and tell them the bad news. >>> vice president joe biden visited parts of new jersey over the weekend that were devastated by sandy. he said he will make sure the jersey -- the jersey shore is fully restored. he said, you got a home boy in the deal. who gets it. >> as the president said up here with the governor, we're not going anywhere and you got a home boy in the deal who -- who gets it. >>> the vice president is from scranton, pennsylvania and summered at the jersey shore when he was a child. >>> 8:12. there is a story about new questions about the america's cup boats whether they are too big and too fast. why racing officials are rethinking new designs after a crash on the bay. >>> and the big award for some of the bay
the homes of many hurricane sandy victims will soon be demolished. the building's department has been red tagging homes that have so much damage they must be torn down. people are saving what they can before the homes are bulldozed. since many victims are now living with family and friends authorities are struggling to find them and tell them the bad news. >>> vice president joe biden visited parts of new jersey over the weekend that were devastated by sandy. he said he will make sure...
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Nov 19, 2012
11/12
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distunks of the highest average price $4.18 a gallon, in large part because of the impact of superstorm sandy and if you could get gas there you'd be willing to pay much nor it. >>> the fifth and final "twilight" movie had $141 million in north american ticket sales its debut weekend wasn't the biggest in the series but it was the eighth largest domestic opening on record. joe? >>> we are talking this morning about what washington can do to avoid going over the fiscal cliff, and we're joined once again by our guest host jeremy siegel, finance professor at the wharton school in pennsylvania and jeremy, you're not a new normal guy. you think 3% to 4% is, we deserve that? don't you into ed to earn that somehow? you need to earn success. you think it just happens in this country? >> we grew in the '90s 3% to 4% and most of the post-war period. 3% to 4% from this high unemployment would be disappointing. normally we'd bounce back from recessions growing 5% to 6%. >> it doesn't matter who is in the white house or what policies they're pursuing. >> i think it matters but i don't think it's the overw
distunks of the highest average price $4.18 a gallon, in large part because of the impact of superstorm sandy and if you could get gas there you'd be willing to pay much nor it. >>> the fifth and final "twilight" movie had $141 million in north american ticket sales its debut weekend wasn't the biggest in the series but it was the eighth largest domestic opening on record. joe? >>> we are talking this morning about what washington can do to avoid going over the...